Think Investments LP Purchases New Position in Atour Lifestyle Holdings Limited (NASDAQ:ATAT)

Think Investments LP purchased a new stake in shares of Atour Lifestyle Holdings Limited (NASDAQ:ATAT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 191,000 shares of the company's stock, valued at approximately $5,136,000. Atour Lifestyle comprises approximately 1.1% of Think Investments LP's investment portfolio, making the stock its 18th largest holding. Think Investments LP owned 0.14% of Atour Lifestyle as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its stake in Atour Lifestyle by 3.8% in the 4th quarter. American Century Companies Inc. now owns 62,772 shares of the company's stock valued at $1,688,000 after buying an additional 2,321 shares during the last quarter. Lester Murray Antman dba SimplyRich grew its position in shares of Atour Lifestyle by 11.9% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 23,297 shares of the company's stock valued at $626,000 after purchasing an additional 2,469 shares during the last quarter. Jump Financial LLC grew its position in shares of Atour Lifestyle by 1.5% in the fourth quarter. Jump Financial LLC now owns 180,409 shares of the company's stock valued at $4,851,000 after purchasing an additional 2,620 shares during the last quarter. Invesco Ltd. increased its stake in shares of Atour Lifestyle by 5.4% in the fourth quarter. Invesco Ltd. now owns 67,117 shares of the company's stock worth $1,805,000 after purchasing an additional 3,437 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Atour Lifestyle by 6.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 66,702 shares of the company's stock worth $1,794,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 17.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ATAT. Bank of America raised their target price on Atour Lifestyle from $35.30 to $36.80 and gave the company a "buy" rating in a report on Friday, March 14th. Wall Street Zen upgraded shares of Atour Lifestyle from a "buy" rating to a "strong-buy" rating in a research note on Thursday. UBS Group set a $37.30 target price on shares of Atour Lifestyle and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Citigroup increased their price target on shares of Atour Lifestyle from $36.50 to $38.00 and gave the company a "buy" rating in a report on Friday. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $36.63.

Atour Lifestyle Stock Down 1.0%

Shares of ATAT stock traded down $0.34 during mid-day trading on Friday, reaching $32.52. The stock had a trading volume of 638,334 shares, compared to its average volume of 1,256,716. Atour Lifestyle Holdings Limited has a one year low of $15.22 and a one year high of $34.23. The firm has a market cap of $4.49 billion, a PE ratio of 28.01, a P/E/G ratio of 0.59 and a beta of 0.59. The firm's 50 day simple moving average is $26.80 and its 200 day simple moving average is $27.33.

Atour Lifestyle (NASDAQ:ATAT - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. Atour Lifestyle had a net margin of 17.43% and a return on equity of 48.26%. The firm had revenue of $285.58 million for the quarter, compared to the consensus estimate of $275.49 million. Sell-side analysts forecast that Atour Lifestyle Holdings Limited will post 1.24 earnings per share for the current fiscal year.

Atour Lifestyle declared that its board has initiated a stock buyback program on Thursday, May 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Atour Lifestyle Company Profile

Atour Lifestyle Holdings Limited, through its subsidiaries, develops lifestyle brands around hotel offerings in the People's Republic of China. The company provides hotel management services, including day-to-day management services of the hotels for the franchisees; and sells hotel supplies and other products.